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Bellatrix drills four operated wells at Spirit River in 4Q18

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Bellatrix Exploration Ltd. approved a 2019 capital budget of $40-50 million, a range designed to maintain production volumes of 204-216 MMcfe/d, down just under 2% at midpoint from the expected 2018 production. The company plans to fund its 2019 capital budget primarily through cash flow from operating activities. The capital budget is based on forward pricing expectations of US$65/bbl for WTI, $1.60/GJ at AECO, and an exchange rate of $1.34/USD. Bellatrix said it participated......
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